Consumption demand, which remained muted in the second half of FY23, could now get a leg up, thanks to lower inflation, bridging the gap with the strong outputs of key services industries, economists said. They also saw the possibility of an upward revision of the private final consumption expenditure (PFCE) in the last fiscal. While robust services exports have pushed growth in the last two quarters, some concerns have been raised over whether this would continue through the current fiscal, given the exchange rate volatility, banking-sector concerns in the US and the imminent slowdown in the west.